RAILROADS: MoPac Wins Its Freedom

Six months after George H. Moore became a
judge in St. Louis' Federal District Court in 1935, he got his first
big case: the Missouri Pacific reorganization in bankruptcy, already in
its third year. Last week, 20 years and two months later, Judge Moore,
78, settled the case, and gave the final O.K. to MoPac's
reorganization. At the last minute a group of bondholders holding only
one-third of 1% of the total claims against MoPac went to court to
block the plan, but Judge Moore swept aside their objections as
"frivolous." With that, the 9,710-mile Missouri Pacific, sixth...